Digital Transformation Through Agile Delivery
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Digital Transformation Through Agile Delivery
IT Agility AbilityTM

Spending on Cyber security set to jump up 38% over next 10 years

By . December 20, 2018
Cyber security is really the talk of the town of recent and with Apple and Sony being casualties of cyber attacks it’s no surprise that cyber security is an issue.

With our dependency on technology and Cyber threats increasing along with it, individuals and companies need to take precautions and take pre-emptive steps in order to be secure.

To stay safe from cyber threats, companies are increasing their spending on security tools and according to a report from Juniper Networks and RAND, they predict that the cost to businesses in managing cyber security is set to increase by 38% within the next 10 years.

This shows that CFO’s and CIO’s are taking a more active role in managing cyber security.

The increased spending in cyber security tools may be attributed to the software becoming obsolete. Cyber attackers do find ways of exploiting existing security systems and developing new counter measures to antivirus technologies. Updating security tools will need to be at the forefront of any company to be protected against new cyber security threats.

Spending on cyber security tools cannot be overlooked and in order to stay protected companies will need to make the plunge and update existing security software or integrate new systems. 



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